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A Credit Card Digital Fingerprint That Looks At Three Months Of Payments

Written by Evan Schuman
May 23rd, 2010
Back about 14 months ago, much was written of a credit card fingerprint trial from Fifth Third Bank. The idea back then was to take a full snapshot of the card at a point where it can be assumed that card is valid, such as at the point of its manufacture.

One card reader vendor, MagTek, is taking that digital fingerprint approach and making it a little easier, using 2010 technology. But instead of grabbing the card at its birth—something that Fifth Third didn't even try to do—MagTek is simply capturing the card the first time the vendor sees it as one of its POS stations. But it waits three months to make up its mind if the card is legit.

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Posted in In-Store, Payment Systems, Premium Content, Security/Fraud
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